Top
Meed to unveil mobile banking programme in US

Meed to unveil mobile banking programme in US

September 12, 2018

Category:

It says its customers can be “paid to bank” through its “income-building” SocialBoost programme.

According to the firm, customers can earn an income stream in return for growing the Meed community among their family and friends. The result is an acquisition and loyalty engine for VNB “driven by customers’ social sharing”.

“The vast majority of banks worldwide have all handled the mobile era in exactly the same way, and we think it’s a flawed approach,” says Les Riedl, CEO for Meed. “Simply shrinking down traditional bank accounts and putting them on a smartphone screen doesn’t offer real innovation, nor is it customer-centric. At Meed, we’re putting together an entire financial ecosystem to benefit the customer by rebuilding mobile financial services from the ground up.”

Read More on Banking Technology